As expected $1240 was a reasonably big number & gold burst higher once through & touching $1250.
Gold traded in a big range in the last 24 hours & equities got hammered again although they did recover a bit towards the end.
Indian physical gold demand surged again in September up a whopping 75 tons from the Sep 2013.
Putting this all together & gold is looking good both in USD & AUD terms!
As such I picked up another Aussie gold stock today as thought it looked one of the most unloved.
That being Resolute. They have a combination of AUD & USD production which I think is not a bad thing in the current market.
